Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.6364.

A number of analysts recently issued reports on BRX shares. JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Piper Sandler raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Truist Financial raised their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after buying an additional 4,518,001 shares during the period. Norges Bank purchased a new stake in Brixmor Property Group during the 4th quarter worth $112,307,000. Centersquare Investment Management LLC increased its stake in Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the period. Wellington Management Group LLP increased its stake in Brixmor Property Group by 49.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after buying an additional 2,119,890 shares during the period. Finally, Heitman Real Estate Securities LLC purchased a new stake in Brixmor Property Group during the 4th quarter worth $48,503,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 0.1%

Shares of BRX opened at $30.09 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $29.84 and a 200-day simple moving average of $28.17. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $31.49. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same period last year, the company posted $0.56 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities analysts forecast that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 85.42%.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.